Preheat oven to 250 degrees.
Spread popcorn onto two greased baking sheets and sprinkle with Chocolate Covered Bacon and cashews.
Unwrap Caramels and melt in a saucepan over low heat, stirring occasionally. Once melted, pour over the popcorn mixture and stir.
Bake for 45 minutes, stirring every 15 minutes. Remove from oven and cool completely. Store in an air-tight container and enjoy!